3 Old Mill CirElmaNY14059
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Elma at 3 Old Mill Cir, Elma, NY, 14059 at $239,900 posts ROI 53.27% with $2,211/mo cash flow from $4,098/mo rent. Total monthly income equals $4,098/mo, and annual cash flow records $26,534/yr on $79,527 to close. Return on cash invested measures 53.27% and rental yield reads 20.5% at the current $239,900. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 by year five. Five-year ROI prints 284.02% and total cumulative return in cash totals $225,871.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,098/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1989
1,799 sqft lot
$N/A/sqft
$285 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14059, Elma, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,097 (100%) |
| Owner Occupied HU | 3,420 (83.5%) |
| Renter Occupied HU | 469 (11.4%) |
| Vacant Housing Units | 208 ( 5.1%) |
| Median Home Value | $408,712 |
| Average Home Value | $462,518 |
Housing Distribution
Address Breakdown
Residential
3,883
Single Family
3,763
Multi-Family
120
Businesses
338
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Nearby investment properties with comparable prices
Listed by: Steven Simme • Keller Williams Realty Lancaster
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1557056
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